Uganda Railways Corporation (URC) closed the 2024/25 financial year with a net loss of UGX 32.810 billion, underscoring persistent structural and operational weaknesses in the railway sub-sector. Although the loss narrowed from UGX 36.346 billion in the 2023/24 financial year, the Auditor General’s report for the year ended 31 December 2025 shows that URC continues to struggle with weak revenue performance, idle assets, unresolved liabilities, and stalled infrastructure rehabilitation. Loss narrows, but risks remain The reduction in losses was driven by higher funding and cost containment. Internally generated revenue rose by 26.12%, government grants increased by 14.67%, and operating expenses…
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